Interesting charts/arrears/QAN


From the Corelogic property pulse, rising arrears (households falling behind on the home loan repayment).

This is one of two necessary ingredients to get really bearish. The second is falling house prices. Not much can go “too awry” without that last bit.

So, we continue to watch house prices.

Of course, the banks might be unattractive propositions based on the rising arrears, and we did lock in some profits on the recent (say the past 6 months or so) strong run in bank share prices.


Interesting to note the amount of domestic air travel flattening out. TOB is traffic on board, monthly (left hand side) and total over the past year (right hand side). This is from the BITRE data to April.

Could be something of a warning sign for QAN.

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